MBM RESOURCES BERHAD is an investment holding company. The Company’s operating businesses are organized into three business segments: investment holding; marketing and distribution of motor vehicles and other related activities, and manufacturing of automotive parts, trucks and vehicles body building and other related activities. It operates through several subsidiaries. Its subsidiaries include Daihatsu (Malaysia) Sdn Bhd (DMSB), which is engaged in the marketing and distribution of motor vehicles, spare parts and provision of related motor repair services; Summit Vehicles Body Works Sdn. Bhd., which is engaged in trucks and vehicles body building and general engineering works, and Galaxy Waves Sdn. Bhd. whichis engaged in investment holding. On March 31, 2007, it acquired a 16.35% interest in Federal Auto Holdings Berhad (FAHB), which increased its interest in FAHB to 86%. In August 2008, it disposed Auto Style Enterprise Limited and Sun Motors Limited to Med-Bumikar Mara Sdn. Bhd.

My notes based on 2010 quarter 2 report (number in '000):-

- The Malaysian motor total industry volume (TIV) of sales by registration improved in the second quarter of 2010 by 16.1% compared against the same period of 2009 and similarly improved by 4.2% over the preceding quarter

- New Volkswagen, Mitsubishi and Hino dealership operations contributed further to revenue growth

- Favourable Ringgit/Yen currency rates ensured improved margins

- The Group's financial position continued to improve with net cash position of RM168.9 mil and net assets at RM3.99 per share being attained at the end of reporting period

- Disposal of WSA Capital Corporation Sdn. Bhd. was completed during the quarter

- Group revenue improved by 52.8%. Profit from operations improved by 112.3%, whilst share of results of associate companies improved by 210.7%. Net profit attributable to owners of the Company improved by 176.8%

- Group revenue improved by 11.3%. Profit from operations improved by 11.2%, whilst share of results of associate companies improved by 12.7%. Net profit attributable to owners of the company declined marginally by 3.5%

- The Group continued to deliver on the back of strong orders for all models. The new dealership operations under Federal Auto Group, namely Volkswagen and Mitsubishi, commanded vehicle sales expansion of 84.3% and 35.6% respectively over preceding quarter. This brings the Group's mid‐size to luxury passenger segment's sales to more than double what was sold in the same period of 2009. The Perodua dealership under the Group's subsidiary DMM Sales Sdn. Bhd. also recorded an increase in share of total Perodua national sales to 9.1% compared to 7.7% in the same period of 2009

- The Group's expansion in its dealership network for its various brands namely Hino, Volkswagen and Mitsubishi, and additional investments in upgrading its existing network into 3S (sales, service and spare parts) Centres